MoneyBrain Secures 500M Won in Funding From Donghoon Investments

On August 14th, MoneyBrain, an artificial intelligence chatbot platform company, announced that it had recently received 500 million Won in investments from Donghoon Investment. Last month, MoneyBrain had secured 1.5 billion Won in investments from L&S Venture Capital. Since its launch of ChatBot services in 2016, MoneyBrain has attracted investments in recognition of its technology and business growth potential.

MoneyBrain is leading the artificial intelligence chatbot technology with its dialogue management (DM) technology, which fosters communication similar to that of humans, and deep learning technology, which enables the system to learn from conversations and make advanced responses.

MoneyBrain built the first bots in the domestic financial industry for Nonghyup Bank and ShinHan Card and is currently advancing dialogue technology through business alliances and joint research with institutions in the shopping, public and medical sectors. Furthermore, in the latter half of the year, MoneyBrain will be entering the international market, including China, Japan, and North America.

Se-Young Jang, CEO of MoneyBrain, commented, “We are committed to developing technology with the goals of becoming an artificial intelligence chatbot company recognized in the global market.”

Sharon is a student at Stanford University, where she studies Economics and Public Policy. During her free time, she likes to travel, drink boba, and be a foodie! Sharon can be reached at sharon.kim@techforkorea.com.